- Hubbell's second quarter didn't offer the same revenue and profit upside as many other industrials, but were definitely in line with other electrical products companies.
- Demand is strengthening everywhere outside the utility markets, with strong growth among industrial customers, and even utility demand isn't bad.
- Utility grid hardening and modernization, as well as renewables transmission, remain ongoing growth opportunities, the infrastructure bill will help.
- Hubbell shares don't look notably cheap, but they're not that expensive relative to most other industrials and the company has both strong underlying secular growth and potential margin upside.
For further details see:
Hubbell Benefiting From Strong Outlook, Electrification Demand Is Sparking Across Its Markets